A WOMAN who made hundreds of pounds on Vinted last month has shared her top tips for making sales.
Vinted is an online marketplace where people can buy and sell second-hand clothes, shoes and accessories.
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Uploading clothes to the app is completely free, and Vinted doesn’t cut sellers’ profits and instead charges buyers a small fee for purchasing each item.
Alaina Scopes took to social media to share her top tips, after revealing that this month alone she made £400 from selling her old clothes.
In a TikTok video, the Vinted genius revealed that it’s important to have the same background in all of your Vinted photos.
She said this helps her feed feel “cohesive.”
Her next The tip is to make sure your photos are clean and sharp.
Offering packages is a great way to make sales, according to Alaina, as it will encourage people to buy more than one item from your page.
When someone likes your item, it can be tempting to immediately send them a discount offer to make a quick sale.
However, Alaina said: “You should wait a few hours before sending offers, so the customer doesn’t feel pressured.”
Finally, the Vinted pro explained that you should always list your items for a few pounds more than you would like to sell them for.
“This way the customer can submit offers and feel like they are getting a bargain,” she said.
Alaina (@alainascopes) the tips likely left a lot of people impressed, and TikTok users rushed to the video’s comments section to share their thoughts.
One person said: “I love this.”
Another person said: “Great tips.”
A third said: “Thank you!”
Do you need to pay taxes on items sold on Vinted?
QUICK tax facts from the Vinted team…
- The only time an item may be taxable is if it sells for more than £6,000 and makes a profit (sold for more than you paid for it). You can still use your £3,000 capital gains tax-free allowance to offset it.
- Generally, only commercial sellers who trade for profit (buy goods with the aim of selling them for more than they paid for them) may have to pay tax. Business sellers trading for profit can use a £1,000 tax break, which has been in place since 2017.
- More information here: vinted.co.uk/no-changes-to-taxes
Online marketplaces like Vinted and Depop have millions of users across the UK, and the cost of living crisis is only adding to their popularity.
Financial pressures on British households have seen sales of second-hand goods rise by 15 per cent to £21 billion in 2022.
One in six people now say they buy used items, according to research commissioned by reviews website Trustpilot.
So now is the perfect time to earn some extra money with companies like Vinted.
According to the popular platform, sellers do not need to pay taxes on the earnings they make on the site.
This, HMRC said, is because the sale of personal items through platforms like Vinted is not taxable in itself.
“If the money a member makes on Vinted during a year is less than the amount they paid for the items they are selling, then there is no tax to pay,” explained a Vinted spokesperson.
“Generally, only commercial sellers who “trade” for profit may need to pay taxes.
”A £1,000 tax-free allowance has been in place since 2017 for people trading for profit.”
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